Is Your Insurance Acting in Bad Faith?

Whether you live in a coastal area or not, you are still prone to a variety of natural disasters, including earthquakes, hurricanes, hailstorms, and storm surges. These may result into injuries and property damages – either has its own respective financial burdens.

The last thing you want on such scenarios are insurance problems, especially if you rightfully deserve coverage. The website of K2 Consulting & Services, LLC has mentioned that insurance companies have the tendency to give their clients less.

But how can you know if your insurance is acting in bad faith? Below are some of the most common signs.

Denying legitimate claims

You have already submitted the necessary documents, including hospital bills from injuries and repair bills from property damages. Still, the insurance company is denying you coverage, even though the policy clearly includes these things.

Giving coverage immediately

Sometimes, it is not about the denial of coverage. There are instances where insurance companies immediately approve claims, but with a twist – they are giving coverage that is way less than what the client deserves, but they give it immediately to give the client the impression that at least his claim has been approved.

Delaying the claim study

Insurance companies will investigate whether your claim is valid or not. That is understandable, but sometimes, they may intentionally delay the investigation directly, by saying that they have other claims to investigate or the claim is complicated enough to warrant a long process, or indirectly, by making unnecessary demands and extensive documents. The intention here is to make the process as stressful as possible, so you will give up in pursuing your claim.

Not paying properly on approved claims

Not because you claim has an approved coverage it already means that you are secured. There are instances where even approved claims don’t get what they deserve. Usually, it manifests this way – the insurance company will intentionally delay the coverage payments, with the hope that the stress will make you stop pursuing them.

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